Lime Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Lime Market
The lime market size was valued at USD 41.93 billion in 2023, and the market is now projected to grow from USD 42.99 billion in 2024 to USD 53.27 billion by 2032, exhibiting a CAGR of 2.7% during the forecast period of 2024-2032.
the COVID-19 pandemic had an unstaggering impact on the market. The product demand was lowered by lockdown limitations and affected the overall lime market growth. The major factor causing havoc for this product was the strict transportation regulations that were imposed faced by this partcular market also the medical and chemicals industrries at large. This particular market is still experiencing rapid growth post-pandemic period.
Because the substance is affordable, water treatment firms should consider using it. Lime is also utilized in the industrial and commercial water treatment process mostly in the forms of quick lime and hydrated lime. Consequently, the need for treated water is rising as a result of the rapid rate of urbanization and youth immigration to major cities. This is the major factor influencing the lime market share.
Lime has shown to be a flexible chemical, finding increasing use in a wide range of industrial applications. Its main use is in the metallurgy sector, but the chemical and manufacturing industries are also in great demand for it.
Comprehensive Analysis of Lime Market
Lime is divided into two categories in the market: hydrated lime and fast lime. The market is divided into agricultural, construction materials, mining and metallurgy, water treatment, and other segments based on application.
Asia Pacific is to be witnessed in dominating the lime market due to various reasons such as heightened modern industrial build an also the growing chemical and advanced material industries.
Leading organizations in the industry employ acquisition and expansion as crucial tactics to sustain their positions in the competitive landscape. Among the biggest names in the industry is Mississippi Lime Company. United States Lime & Minerals Inc. (U.S.), Graymont Limited (Canada), Mississippi Lime Company (U.S.), Carmeuse (Belgium), and Lhoist Group (Belgium) are a few of the leading market participants in this particular industry.
In September 2023, The Lohist Group declared its intention to increase its capacity for producing lime in Texas, USA. The corporation wanted to increase its revenue from the lime market and build a corporate presence in the United States, which is why it expanded its manufacturing.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2019-2032
Base Year 2023
Estimated Year 2024
Forecast Period 2024-2032
Historical Period 2019-2022
Unit Volume (Million Tons); Value (USD Billion)
CAGR Growth rate of 2.7% from 2024 to 2032
Segmentation By Type
Quick Lime
Hydrated Lime
By Application
Agriculture
Building Material
Mining & Metallurgy
Water Treatment
Others
By Geography
North America (By Type, By Application)
U.S. (By Type)
Canada (By Type)
Europe (By Type, By Application)
Germany (By Type)
U.K. (By Type)
France (By Type)
Italy (By Type)
Rest of Europe (By Type)
Asia Pacific (By Type, By Application)
China (By Type)
Japan (By Type)
India (By Type)
South Korea (By Type)
Rest of Asia Pacific (By Type)
Latin America (By Type, By Application)
Brazil (By Type)
Rest of Latin America (By Type)
The Middle East & Africa (By Type, By Application)
South Africa (By Type)
Rest of Middle East & Africa (By Type)
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- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
- 4. Key Insights
- 4.1. Key Emerging Trends – For Major Region
- 4.2. Key Developments: Capacity Expansions, Acquisitions, Partnerships, etc.
- 4.3. Latest Technological Advancement
- 4.4. Insights on Regulatory Scenario
- 4.5. Porters Five Forces Analysis
- 4.6. Impact of COVID-19 on Global Lime Market
- 5. Global Lime Market Analysis, Insights and Forecast, 2019-2032
- 5.1. Key Findings / Summary
- 5.2. By Type (Value and Volume)
- 5.2.1. Quick Lime
- 5.2.2. Hydrated Lime
- 5.3. By Application (Value and Volume)
- 5.3.1. Agriculture
- 5.3.2. Building Material
- 5.3.3. Mining & Metallurgy
- 5.3.4. Water Treatment
- 5.3.5. Others
- 5.4. By Region (Value and Volume)
- 5.4.1. North America
- 5.4.2. Europe
- 5.4.3. Asia Pacific
- 5.4.4. Latin America
- 5.4.5. Middle East & Africa
- 6. North America Lime Market Analysis, Insights and Forecast, 2019-2032
- 6.1. Market Size Estimates and Forecast
- 6.2. By Type (Value and Volume)
- 6.2.1. Quick Lime
- 6.2.2. Hydrated Lime
- 6.3. By Application (Value and Volume)
- 6.3.1. Agriculture
- 6.3.2. Building Material
- 6.3.3. Mining & Metallurgy
- 6.3.4. Water Treatment
- 6.3.5. Others
- 6.4. By Country (Value and Volume)
- 6.4.1. U.S
- 6.4.1.1. By Type (Volume Value)
- 6.4.1.1.1. Quick Lime
- 6.4.1.1.2. Hydrated Lime
- 6.4.2. Canada
- 6.4.2.1. By Type (Volume Value)
- 6.4.2.1.1. Quick Lime
- 6.4.2.1.2. Hydrated Lime
- 7. Europe Lime Market Analysis, Insights and Forecast, 2019-2032
- 7.1. Key Findings / Summary
- 7.2. By Type (Value and Volume)
- 7.2.1. Quick Lime
- 7.2.2. Hydrated Lime
- 7.3. By Application (Value and Volume)
- 7.3.1. Agriculture
- 7.3.2. Building Material
- 7.3.3. Mining & Metallurgy
- 7.3.4. Water Treatment
- 7.3.5. Others
- 7.4. By Country (Value and Volume)
- 7.4.1. Germany
- 7.4.1.1. By Type (Volume Value)
- 7.4.1.1.1. Quick Lime
- 7.4.1.1.2. Hydrated Lime
- 7.4.2. U.K.
- 7.4.2.1. By Type (Volume Value)
- 7.4.2.1.1. Quick Lime
- 7.4.2.1.2. Hydrated Lime
- 7.4.3. France
- 7.4.3.1. By Type (Volume Value)
- 7.4.3.1.1. Quick Lime
- 7.4.3.1.2. Hydrated Lime
- 7.4.4. Italy
- 7.4.4.1. By Type (Volume Value)
- 7.4.4.1.1. Quick Lime
- 7.4.4.1.2. Hydrated Lime
- 7.4.5. Rest of Europe
- 7.4.5.1. By Type (Volume Value)
- 7.4.5.1.1. Quick Lime
- 7.4.5.1.2. Hydrated Lime
- 8. Asia-Pacific Lime Market Analysis, Insights and Forecast, 2019-2032
- 8.1. Key Findings / Summary
- 8.2. By Type (Value and Volume)
- 8.2.1. Quick Lime
- 8.2.2. Hydrated Lime
- 8.3. By Application (Value and Volume)
- 8.3.1. Agriculture
- 8.3.2. Building Material
- 8.3.3. Mining & Metallurgy
- 8.3.4. Water Treatment
- 8.3.5. Others
- 8.4. By Country (Value and Volume)
- 8.4.1. China
- 8.4.1.1. By Type (Volume Value)
- 8.4.1.1.1. Quick Lime
- 8.4.1.1.2. Hydrated Lime
- 8.4.2. Japan
- 8.4.2.1. By Type (Volume Value)
- 8.4.2.1.1. Quick Lime
- 8.4.2.1.2. Hydrated Lime
- 8.4.3. India
- 8.4.3.1. By Type (Volume Value)
- 8.4.3.1.1. Quick Lime
- 8.4.3.1.2. Hydrated Lime
- 8.4.4. South Korea
- 8.4.4.1. By Type (Volume Value)
- 8.4.4.1.1. Quick Lime
- 8.4.4.1.2. Hydrated Lime
- 8.4.5. Rest of Asia-Pacific
- 8.4.5.1. By Type (Volume Value)
- 8.4.5.1.1. Quick Lime
- 8.4.5.1.2. Hydrated Lime
- 9. Latin America Lime Market Analysis, Insights and Forecast, 2019-2032
- 9.1. Key Findings / Summary
- 9.2. By Type (Value and Volume)
- 9.2.1. Quick Lime
- 9.2.2. Hydrated Lime
- 9.3. By Application (Value and Volume)
- 9.3.1. Agriculture
- 9.3.2. Building Material
- 9.3.3. Mining & Metallurgy
- 9.3.4. Water Treatment
- 9.3.5. Others
- 9.4. By Country (Value and Volume)
- 9.4.1. Brazil
- 9.4.1.1. By Type (Volume Value)
- 9.4.1.1.1. Quick Lime
- 9.4.1.1.2. Hydrated Lime
- 9.4.2. Rest of Latin America
- 9.4.2.1. By Type (Volume Value)
- 9.4.2.1.1. Quick Lime
- 9.4.2.1.2. Hydrated Lime
- 10. Middle East & Africa Lime Market Analysis, Insights and Forecast, 2019-2032
- 10.1. Key Findings / Summary
- 10.2. By Type (Value and Volume)
- 10.2.1. Quick Lime
- 10.2.2. Hydrated Lime
- 10.3. By Application (Value and Volume)
- 10.3.1. Agriculture
- 10.3.2. Building Material
- 10.3.3. Mining & Metallurgy
- 10.3.4. Water Treatment
- 10.3.5. Others
- 10.4. By Country (Value and Volume)
- 10.4.1. South Africa
- 10.4.1.1. By Type (Volume Value)
- 10.4.1.1.1. Quick Lime
- 10.4.1.1.2. Hydrated Lime
- 10.4.2. Rest of Middle East & Africa
- 10.4.2.1. By Type (Volume Value)
- 10.4.2.1.1. Quick Lime
- 10.4.2.1.2. Hydrated Lime
- 11. Competitive Landscape
- 11.1. Company Profiles
- 11.1.1. Carmeuse
- 11.1.1.1. Overview
- 11.1.1.2. Products & Services
- 11.1.1.3. Recent Developments
- 11.1.1.4. Strategies
- 11.1.1.5. Financials
- 11.1.2. Lhoist Group
- 11.1.2.1. Overview
- 11.1.2.2. Products & Services
- 11.1.2.3. Recent Developments
- 11.1.2.4. Strategies
- 11.1.2.5. Financials
- 11.1.3. Graymont Limited
- 11.1.3.1. Overview
- 11.1.3.2. Products & Services
- 11.1.3.3. Recent Developments
- 11.1.3.4. Strategies
- 11.1.3.5. Financials
- 11.1.4. Mississippi Lime Company
- 11.1.4.1. Overview
- 11.1.4.2. Products & Services
- 11.1.4.3. Recent Developments
- 11.1.4.4. Strategies
- 11.1.4.5. Financials
- 11.1.5. United States Lime & Minerals, Inc.
- 11.1.5.1. Overview
- 11.1.5.2. Products & Services
- 11.1.5.3. Recent Developments
- 11.1.5.4. Strategies
- 11.1.5.5. Financials
- 11.1.6. Afrimat
- 11.1.6.1. Overview
- 11.1.6.2. Products & Services
- 11.1.6.3. Recent Developments
- 11.1.6.4. Strategies
- 11.1.6.5. Financials
- 11.1.7. Linwood Mining & Minerals Corporation
- 11.1.7.1. Overview
- 11.1.7.2. Products & Services
- 11.1.7.3. Recent Developments
- 11.1.7.4. Strategies
- 11.1.7.5. Financials
- 11.1.8. Minerals Technologies, Inc.
- 11.1.8.1. Overview
- 11.1.8.2. Products & Services
- 11.1.8.3. Recent Developments
- 11.1.8.4. Strategies
- 11.1.8.5. Financials
- 11.1.9. Cheney Lime & Cement Company
- 11.1.9.1. Overview
- 11.1.9.2. Products & Services
- 11.1.9.3. Recent Developments
- 11.1.9.4. Strategies
- 11.1.9.5. Financials
- 11.1.10. Pete Lien & Sons, Inc.
- 11.1.10.1. Overview
- 11.1.10.2. Products & Services
- 11.1.10.3. Recent Developments
- 11.1.10.4. Strategies
- 11.1.10.5. Financials
- 11.1.11. Cape Lime (Pty) Ltd.
- 11.1.11.1. Overview
- 11.1.11.2. Products & Services
- 11.1.11.3. Recent Developments
- 11.1.11.4. Strategies
- 11.1.11.5. Financials
- 11.1.12. Sigma Minerals Ltd.
- 11.1.12.1. Overview
- 11.1.12.2. Products & Services
- 11.1.12.3. Recent Developments
- 11.1.12.4. Strategies
- 11.1.12.5. Financials
- 11.1.13. Valley Mineral LLC
- 11.1.13.1. Overview
- 11.1.13.2. Products & Services
- 11.1.13.3. Recent Developments
- 11.1.13.4. Strategies
- 11.1.13.5. Financials
- 11.1.14. Cornish Lime
- 11.1.14.1. Overview
- 11.1.14.2. Products & Services
- 11.1.14.3. Recent Developments
- 11.1.14.4. Strategies
- 11.1.14.5. Financials
- 12. Strategic Recommendations
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